The American Sports Plutocracy Is Bullshit(derekthompson.org) |
The American Sports Plutocracy Is Bullshit(derekthompson.org) |
> But ameliorations are possible. Tax law could further restrict the ability to team owners to amortize. And honestly, I don’t know why some local governments shouldn’t own stakes in the professional sports teams that they often directly finance.
Is anyone drafting a manifesto reforming US sports? Local playbooks for public stadium owners? State labor laws? State taxes? Bills that toss out federal monopoly law exclusions? Laws that compensate student athletes with lifetime platinum healthcare? Not my field but it seems there should be more of a movement.
Of course the NFL hates this for all the reasons mentioned in the article, and also because the Packers are the only team to publicly reveal their finances. Thus, the NFL decided to ban ownership models like this, making the Packers the one and only.